Slice Administrator Seeks Court Order to Unmask Anonymous Ad Campaign Funding
Slice administrator Efi Sandrov petitioned the Tel Aviv District Court to uncover the funding behind an anonymous ad campaign targeting him and Commissioner Amit Gal, allegedly financed by Finbert entities to force a disadvantageous settlement.
The court-appointed administrator of Slice, the company at the center of a scandal involving the disappearance of approximately 890 million NIS in pension and provident fund savings, filed an urgent motion with the Tel Aviv District Court on Wednesday. The administrator, CPA Efi Sandrov, is seeking critical information regarding an anonymous advertising campaign targeting both him and Capital Market Commissioner Amit Gal.
Sandrov asserts that a coordinated and severe campaign is being orchestrated by entities tied to the Finbert insurance agency. According to the filing, the campaign is designed to exert improper pressure on the administrator to advance a settlement that allegedly serves the interests of the agency at the expense of other fund members. Furthermore, serious concerns have been raised that savers' funds may be unlawfully utilized to finance these aggressive operations.
Finbert previously raised hundreds of millions of shekels from savers for high-risk investments in foreign funds before the Capital Market Authority revoked its licenses. Represented by attorneys Barak Tal and Sagi Schiff from the Arnon firm, Sandrov requested a court order to unmask the parties behind the Finbert-related campaigns, trace their funding sources, and reveal operational directives. The motion aims to investigate whether a purported grassroots movement of savers is actually a front for the very financial entities responsible for the questionable investments.
Contradicting Savers' Interests
Finbert stands as a central player in the Slice affair, which left 7,500 savers stranded after funds designated for Individual IRA provident accounts were funneled into foreign vehicles. Approximately 200 million NIS was transferred directly to Finbert-affiliated funds. In recent months, attorneys representing the funds and certain savers—namely Eitan Eitan Erez and Mor Ben Shushan—attempted to negotiate a settlement with Sandrov.
However, the legal filing contends that the negotiations proved insincere, functioning merely as a stalling tactic to avoid thorough factual scrutiny while enabling further asset manipulation. Sandrov claims that when Finbert realized the administrator would not endorse a disadvantageous agreement, they launched an anonymous smear campaign designed to force a capitulation agreement.
Unidentified Billboards and Public Pressure
Starting in February 2026, billboards appeared across Tel Aviv, the Ayalon Highway, and public buses, featuring Sandrov's image alongside slogans like "Efi Sandrov - Career not at our pensions' expense" and "A settlement now in the Slice affair." The initial anonymity was eventually tied to Menofim Construction and Investments by late March 2026, though questions regarding the ultimate financing remain open.
Legal representatives for Finbert and participating savers strongly rejected the administrator's claims, arguing that the lawsuit is a deflection tactic aimed at silencing legitimate criticism over soaring administrative costs and a failure to secure funds for the victims. Attorney Oded Savorai, representing Gabriel Kokašvili, stated that the administrator is wasting crucial funds on meritless legal motions instead of embracing a viable recovery plan.
